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S07770 Summary:

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S07770 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7770--B
            Cal. No. 1305
 
                    IN SENATE
 
                                      May 12, 2016
                                       ___________
 
        Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
          printed to be committed  to  the  Committee  on  Local  Government  --
          reported  favorably  from  said  committee,  ordered  to first report,
          amended on first report,  ordered  to  a  second  report  and  ordered
          reprinted,  retaining  its  place  in  the  order  of second report --
          reported favorably from said committee, ordered to  first  and  second
          report,  amended  on second report, ordered to a third reading, and to
          be reprinted as amended, retaining its place in  the  order  of  third
          reading
 
        AN  ACT  to  amend  the  Suffolk county tax act, in relation to sales of
          certain property made to the Suffolk County Landbank Corporation
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Chapter  311 of the laws of 1920 constituting the Suffolk
     2  county tax act is amended by adding  a  new  section  46-a  to  read  as
     3  follows:
     4    § 46-a. Notwithstanding any provision of this act to the contrary, the
     5  county  may  convey property or tax liens to the Suffolk County Landbank
     6  Corporation pursuant to article 16 of the not-for-profit corporation law
     7  for such consideration and on terms and conditions as the county and the
     8  landbank may determine.
     9    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15113-08-6